Variable Air Volume Systems Market Share and Growth Analysis-2021
Variable Air Volume Systems market overview:
VAV system is a type of heating, ventilation and air conditioning system. Systems that provide constant air flow over a varying temperature rangeare called constant air volume systems (CAV). VAV systems have many advantages over CAV systems, including precise temperature control, lesser power utilization by system fans, less compressor wear, less fan noise, and increased dehumidification. In food processing and packaging systems, accurate temperature control has a great impact on product quality. Strict temperature control has apositive impact on process efficiency and energy consumption, ultimatelyleading to lower operating costs. VAV systems can help save up to 22% of totalenergy costs. With the increase in disposable income and opulent living, we allwant to achieve a quality indoor environment and a higher level of energyefficiency through the automation and control of building systems. In the1980s, when energy prices started to rise, the variable air volume system(abbreviated as VAV system) entered the picture. The VAV system provides airconditioning that varies in volume based on heat loss or gain in occupiedspaces, without any temperature change.
Impact of Covid-19 on the VariableAir Volume Systems Market:
However, theCovid-19 outbreak is estimated to hamper the supply chain for Variable AirVolume Systems. The pandemic is expected to cause VAV box prices to rise andmanufacturers to face labor shortages, material shortages and stagnation ininternational trade affecting the export market. Projects delayed due to supplychain disruption will further hamper the industry.
Variable Air Volume Systems Marketdrivers and restraints:
Multiple factors are positively shaping the growth of the GlobalVariable Air Volume (VAV) System Market. Escalating disposable income,sustainability issues, escalated investments in infrastructure, energyefficiency legislations are few of the important factors in the growth of thevariable air volume systems market. Installation costs are very specific to theapplication, construction and design of the building and whether it is new orrenovated. Absence of familiarity, service and maintenance, and presence ofspare parts are likely factors restraining the growth of the variable airvolume systems market. The major driver for the development of the globalvariable air volume (VAV) market is because of its escalating call in thecommercial construction and building industry. The growth of the Variable AirVolume (VAV) Systems market is also driven by the increasing applications ofVariable Air Volume (VAV) systems in different end-use industries such asretail, offices, hotels and warehouses, among others. Due to its myriad ofadvantages, such as low power consumption, lower fan noise, and higheraccuracy, among others, it has become more and more popular compared totraditional HVAC systems. Hence, it has helped drive the overall development ofthe Global Variable Air Volume (VAV) System market.
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Report segmented as:
ByProduct Type
· Single-Duct
· Dual-Duct
· Fan-Powered
- Fan-Powered Series VAV System
- Parallel Fan-Powered VAV System
· Induction
· Others
ByUse
· Single Zone
· Multiple Zone
ByApplication
· Commercial Buildings
- Offices
- Warehouse
- Hospitality
- Retail
- Others
- Industrial Buildings
- Residential Buildings
Geographical analysis:
The marketfor variable air volume systems in the United States is estimated at US $ 4.2billion by 2020. China, the world's second largest economy, is expected to reachan expected market size of US $ 3.5 billion by 2025 behind a CAGR of 8.7%during the review period of 2020 to 2025. In Europe, Germany is expected togrow by around 3.4% CAGR.
APAC regionis expected to show the highest growth rate during the forecast period due tothe presence of developing markets such as China and Japan, as well as emergingeconomies such as India, Korea South and Indonesia. APAC is one of the majorconstruction markets and is expected to grow at a rapid rate in the comingyears, and India is expected to become a new global hub for construction inemerging markets, growing almost two times faster than China.
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This reportoffers the current product and services market evaluation and the futureestimation of the market. It helps us understand the market better through sizeanticipation and CAGR calculation to estimate the next market. It has a broadersegmentation for better understanding of the enterprising of the market at alow level by segregating the market into smaller sectors.
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